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Last modified
7/17/2007 8:42:15 AM
Creation date
12/2/2004 10:57:00 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
10074
Resolution Title
Accepting Proposal on the Competitive Negotiated Sale of $9,700,000 General Obligation Municipal Building Bonds, Series 2003A, and Providing for Their Issuance
Resolution Date Passed
2/10/2003
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<br />8. Execution: Temporary Bonds. The Bonds shall be printed (or, at the request of <br />the Purchaser, typewritten) and shall be executed on behalf of the City by the signatures of its <br />Mayor and City Manager and be sealed with the seal of the City; provided, however, that the seal <br />of the City may be a printed (or, at the request ofthe Purchaser, photocopied) facsimile; and <br />provided further that both of such signatures may be printed (or, at the request of the Purchaser, <br />photocopied) facsimiles and the corporate seal may be omitted on the Bonds as permitted by law. <br />In the event of disability or resignation or other absence of either officer, the Bonds may be <br />signed by the manual or facsimile signature of an officer who may act on behalf of the absent or <br />disabled officer. In case either officer whose signature or facsimile of whose signature shall <br />appear on the Bonds shall cease to be such officer before the delivery of the Bonds, the signature <br />or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if the officer <br />had remained in office until delivery. The City may elect to deliver, in lieu of printed definitive <br />bonds, one or more typewritten temporary bonds in substantially the form set forth above, with <br />such changes as may be necessary to reflect more than one maturity in a single temporary bond. <br />Such temporary bonds may be executed with photocopied facsimile signatures of the Mayor and <br />City Manager. Such temporary bonds shall, upon the printing of the definitive bonds and the <br />execution thereof, be exchanged therefor and canceled. <br /> <br />9. Authentication. No Bond shall be valid or obligatory for any purpose or be <br />entitled to any security or benefit under this resolution unless a Certificate of Authentication on <br />the Bond, substantially in the form hereinabove set forth, shall have been duly executed by an <br />authorized representative of the Bond Registrar. Certificates of Authentication on different <br />Bonds need not be signed by the same person. The Bond Registrar shall authenticate the <br />signatures of officers of the City on each Bond by execution of the Certificate of Authentication <br />on the Bond and, by inserting as the date of registration in the space provided, the date on which <br />the Bond is authenticated, except that for purposes of delivering the original Bonds to the <br />Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue, <br />which date is March 1, 2003. The Certificate of Authentication so executed on each Bond shall <br />be conclusive evidence that it has been authenticated and delivered under this resolution. <br /> <br />10. Registration: Transfer: Exchange. The City will cause to be kept at the principal <br />office of the Bond Registrar a bond register in which, subject to such reasonable regulations as <br />the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds <br />and the registration of transfers of Bonds entitled to be registered or transferred as herein <br />provided. <br /> <br />Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the <br />City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of <br />registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee <br />or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a <br />like aggregate principal amount, having the same stated maturity and interest rate, as requested <br />by the transferor; provided, however, that no Bond may be registered in blank or in the name of <br />"bearer" or similar designation. <br /> <br />At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized <br />Denomination or Denominations of a like aggregate principal amount and stated maturity, upon <br />surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever <br /> <br />14 <br /> <br />1493021vl <br />
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